Market Overview:
The global low cost airlines market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for low-cost travel options among consumers across the globe. Based on type, the global low cost airlines market has been segmented into leisure travel, VFR, business travel and others. Among these segments, leisure travel is expected to account for a major share of the global low cost airlines market during the forecast period. This can be attributed to factors such as rising disposable income levels and growing inclination of consumers towards budget-friendly holiday options. Based on application, the global low cost airlines market has been segmented into online distribution channel, travel agency distribution channel and others.
Product Definition:
A low-cost airline is an airline that has lower fares than traditional full service airlines. Low-cost airlines typically offer a simplified fare structure, with fewer amenities and services. The importance of low-cost carriers is that they have helped to make air travel more accessible to the average person.
Leisure Travel:
Leisure travel is a form of travel undertaken for the purpose of leisure. It usually involves long-distance air travel at a low cost, and can be done on a regular basis or in short spurts. The primary factor driving market growth is increasing number of people taking trips for leisure purposes instead of business purposes.
VFR:
Virtual Fairing is a technology that allows airlines to reduce the cost of maintaining two or more separate airplanes for carrying passengers and freight.
The key players in the Low Cost Airlines industry are constantly looking for new ways to cut down operational costs. One such way would be through virtual fairings which can allow airlines to operate with fewer but larger aircraft.
Application Insights:
The distribution channel analysis of the global low cost airlines market includes travel agencies, online and other retail channels. The travel agencies segment held the largest share of over 70% in 2019. Low cost carriers prefer to work with a select few distribution channels as they are more efficient in spreading awareness about their offers and booking reservations at a higher rate. This trend is expected to continue through the forecast period owing to fewer choices available for travelers regarding preferred low cost carrier among various options such as air taxi, airBaltic, easyJet or Ryanair among others operating on similar routes at similar fares offering same service quality worldwide.
The online channel is anticipated to witness significant growth over the forecast period due to increasing internet usage across countries such as India China Japan Brazil etc.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue share in 2018. The growth is attributed to the presence of low-cost carriers from emerging economies such as India, China and Japan. These airlines offer fares lower than those offered by their competitors and cater to passengers traveling on a budget. Moreover, these airlines have been expanding aggressively at an airport near you with new routes and destinations across Asia Pacific region including New Delhi (India), Hong Kong (China), Tokyo (Japan) among others.
North America is expected to witness significant growth over the forecast period owing to increasing leisure travel demand from U.S.
Growth Factors:
- Low-cost carriers are typically able to keep their costs down by flying to secondary airports, which have lower landing and terminal fees than major airports.
- They also tend to fly smaller planes, which require less fuel and maintenance than larger aircraft.
- By unbundling their services and charging for extras such as checked baggage, food, and seat assignments, low-cost carriers can keep their fares low while still generating a profit.
- They often have a simplified fare structure with few or no advance purchase discounts or restrictions on changes and cancellations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Cost Airlines Market Research Report
By Type
Leisure Travel, VFR, Business Travel, Others
By Application
Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027, Online, Travel Agency, Others
By Companies
AirAsia Berhad, Virgin, Norwegian Air Shuttle, EasyJet, Jetstar Airways, WestJet Airlines, Indigo, Azul Linhas Areas Brasileiras, Ryanair Holdings, Air Arabia PJSC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Low Cost Airlines Market Report Segments:
The global Low Cost Airlines market is segmented on the basis of:
Types
Leisure Travel, VFR, Business Travel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027, Online, Travel Agency, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AirAsia Berhad
- Virgin
- Norwegian Air Shuttle
- EasyJet
- Jetstar Airways
- WestJet Airlines
- Indigo
- Azul Linhas Areas Brasileiras
- Ryanair Holdings
- Air Arabia PJSC
Highlights of The Low Cost Airlines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Leisure Travel
- VFR
- Business Travel
- Others
- By Application:
- Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027
- Online
- Travel Agency
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Cost Airlines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low cost airlines are those that offer lower fares than traditional airlines. They may have lower standards for service and amenities, but they often offer more affordable rates.
Some of the key players operating in the low cost airlines market are AirAsia Berhad, Virgin, Norwegian Air Shuttle, EasyJet, Jetstar Airways, WestJet Airlines, Indigo, Azul Linhas Areas Brasileiras, Ryanair Holdings, Air Arabia PJSC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Cost Airlines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Cost Airlines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Cost Airlines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Cost Airlines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Cost Airlines Market Size & Forecast, 2020-2028
4.5.1 Low Cost Airlines Market Size and Y-o-Y Growth
4.5.2 Low Cost Airlines Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Leisure Travel
5.2.2 VFR
5.2.3 Business Travel
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027
6.2.2 Online
6.2.3 Travel Agency
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Cost Airlines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Cost Airlines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Leisure Travel
9.6.2 VFR
9.6.3 Business Travel
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027
9.10.2 Online
9.10.3 Travel Agency
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Leisure Travel
10.6.2 VFR
10.6.3 Business Travel
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027
10.10.2 Online
10.10.3 Travel Agency
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Leisure Travel
11.6.2 VFR
11.6.3 Business Travel
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027
11.10.2 Online
11.10.3 Travel Agency
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Leisure Travel
12.6.2 VFR
12.6.3 Business Travel
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027
12.10.2 Online
12.10.3 Travel Agency
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Leisure Travel
13.6.2 VFR
13.6.3 Business Travel
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Global Low Cost Airlines Market Share by Distribution Channel: 2016 VS 2021 VS 2027
13.10.2 Online
13.10.3 Travel Agency
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Cost Airlines Market: Competitive Dashboard
14.2 Global Low Cost Airlines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AirAsia Berhad
14.3.2 Virgin
14.3.3 Norwegian Air Shuttle
14.3.4 EasyJet
14.3.5 Jetstar Airways
14.3.6 WestJet Airlines
14.3.7 Indigo
14.3.8 Azul Linhas Areas Brasileiras
14.3.9 Ryanair Holdings
14.3.10 Air Arabia PJSC
